Common use of Premises & Rent Clause in Contracts

Premises & Rent. Lessee shall pay to Lessor, as rent for the sublet of the Premises hereunder, an amount equal to, but not more than, the rent as defined in and payable by Lessor to the Landlord under the Premises Lease (the "Premises Rent"). The Premises Rent will be due and payable monthly, in advance, on the first day of each month during the Term hereof (or as otherwise provided under the Premises Lease). All payments of Premises Rent (and other amounts payable by Lessee under this Sublease) shall be paid to Lessor in the same manner as provided in Section 4.1 above with respect to Equipment Rent, without any deduction, reduction, abatement or set-off, unless otherwise agreed to in writing by Lessor.

Appears in 4 contracts

Samples: Sagemark Companies LTD, Sagemark Companies LTD, Sagemark Companies LTD

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